Prepare a tabular summary of the effects

Assignment Help Accounting Basics
Reference no: EM13856486

Problem: On October 31, the stockholders' equity section of Pele Company's balance sheet consists of common stock $379,200 and retained earnings $441,500

Pele is considering the following two courses of action:

(1) Declaring a 6% stock dividend on the 94,800 $4 par value shares outstanding

(2) Effecting a 2-for-1 stock split that will reduce par value to $2 per share.

The current market price is $14 per share.

Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares.

Reference no: EM13856486

Questions Cloud

What gre score corresponds to a percentile rank : What is the z score for a GRE score of 597? What is the percentile rank of this z score and What is the height (in inches) that marks the 75th percentile for this group of officers?
Calculation for future value of this deposit : $10,000 deposited in the bank on January 1 at 7% interest compounded annually. You will keep this money in the bank for 5 years. Please set up the calculation for Future Value of this deposit
Contrast theories of absolute and comparative advatages : Compare and contrast theories of absolute and comparative advatages. Explain Porter's "Diamond" model of national competitive advantage. Briefly describe some of the main instruments of trade policy that countries use to interfere with free trade.
Do you know the difference between needs and wants : Do you know the difference between needs and wants? When companies that sell frozen desserts develop their marketing strategy, do they concentrate on satisfying their customers' needs or wants?
Prepare a tabular summary of the effects : Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares.
Define religion have an economic influence in any way : Southeast Asia (Viernam, Cambodia, Laos, Myanmar, Thailand, Malaysia, Singapore, Indonesia, the Phillippines, Brunei, or other country in the region according to your textbook). Does religion have an economic influence in any way
Develop a performancet strategy related to strategic goals : Develop a one page performance improvement strategy related to competitiveness. Include: Strategic goals and Description of proposed process or amendment to current process.
About employee selection and training paper : Employee Selection and Training Paper
Define the feasibility of offerings among three technologies : A hospital is evaluating the feasibility of offerings among three technologies, on the basis of what would make the most profit. These new technologies are

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Journalize the selected transactions

Journalize the following selected transactions completed during the current fiscal year:

  Stone industries uses flexible budgets at normal capacity

1.stone industries uses flexible budgets. at normal capacity of 16000 units budgeted manufacturing overhead is 48000

  The balance sheet caption for common stock is common stock

the balance sheet caption for common stock is common stock 10 par value 7000000 shares authorized 5700000 shares issued

  Barnes company is considering two alternatives to finance

barnes company is considering two alternatives to finance its purchase of a new 4000000 office building.a issue

  Minium required rate of return of 10 and is considering in

1 fixed cost are 800000 and the verable cost are 75 of unit selling price what is the break even point.2 minium

  Prepare journal entries to record

Prepare the entry required on December 31, 2013, to record the payment of the first 6 months' interest and the amortization of premium on the bonds.

  Accounts officers at xerox corporation discovered that

accounts officers at xerox corporation discovered that significant errors have been made in the valuation of inventory

  Direct materials cost per unit of custom calculator is 15

arden corporation just received a special order to make 7500 units of a specialized calculator. direct materials cost

  Jude has a nltcg of 25000 and a nstcl of 30000 what is

jude has a nltcg of 25000 and a nstcl of 30000. what is judes 2011 capital loss deduction if judes adjusted gross

  Internal control and risk evaluation

Management at Kudler Fine Foods has reviewed the flowcharts prepared for payroll, accounts payable, accounts receivable, and inventory processes in Week Two and is requesting information on controls that will be required.

  Determining free cash flow

During the year, Xero, Inc., experienced increase in net fixed assets of $300,000 and had depreciation of $200,000. If operating cash flow (OCF) for the year was $700,000, compute firm's free cash flow (FCF) for the year.

  During the year eugene had the four property transactions

during the year eugene had the four property transactions summarized below. eugene is a collector of antique glassware

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd